13,336 National Grid Transco, PLC $NGG Shares Sold by JCIC Asset Management Inc.

JCIC Asset Management Inc. trimmed its position in National Grid Transco, PLC (NYSE:NGG) by 41.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,844 shares of the utilities provider’s stock after selling 13,336 shares during the period. JCIC Asset Management Inc.’s holdings in National Grid Transco were worth $1,429,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. James T. Borello RIA increased its position in shares of National Grid Transco by 50.3% during the 3rd quarter. James T. Borello RIA now owns 433 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 145 shares during the last quarter. First Horizon Corp lifted its stake in shares of National Grid Transco by 235.0% in the 1st quarter. First Horizon Corp now owns 459 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 322 shares during the period. Root Financial Partners LLC bought a new position in shares of National Grid Transco in the 3rd quarter worth approximately $41,000. Signature Equity Partners LLC lifted its stake in shares of National Grid Transco by 80.1% in the 3rd quarter. Signature Equity Partners LLC now owns 598 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 266 shares during the period. Finally, Avion Wealth purchased a new position in shares of National Grid Transco in the first quarter worth approximately $62,000. 4.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on NGG. Weiss Ratings reissued a “hold (c)” rating on shares of National Grid Transco in a report on Thursday, October 15th. Wall Street Zen cut shares of National Grid Transco from a “buy” rating to a “hold” rating in a report on Sunday, August 2nd. Sanford C. Bernstein reiterated a “buy” rating on shares of National Grid Transco in a research report on Friday, September 25th. Jefferies Financial Group reiterated a “neutral” rating on shares of National Grid Transco in a research report on Monday, October 5th. Finally, UBS Group reiterated a “sell” rating on shares of National Grid Transco in a research note on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $80.33.

National Grid Transco Trading Up 2.8%

NYSE:NGG opened at $85.18 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.76 and a quick ratio of 0.71. The stock has a 50-day simple moving average of $78.52 and a two-hundred day simple moving average of $83.31. National Grid Transco, PLC has a 52-week low of $73.37 and a 52-week high of $94.64.

National Grid Transco Company Profile

National Grid plc, formerly known as National Grid Transco, is an energy infrastructure company headquartered in the United Kingdom. It owns and operates electricity transmission networks in Great Britain and manages infrastructure that supports the movement of electricity from power stations and other generation sources to regional distribution networks.

Through its U.S. operations, National Grid provides regulated electricity and natural gas distribution services to residential, commercial and industrial customers in parts of New York and Massachusetts.